Minneapolis Property Management

Earn more and stress less with all the tools + expert services you need to manage your rental property in Minneapolis.

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See why thousands of homeowners love being part of the Nomad community

$250M+

Total rent guaranteed

10,000+

Owners served

Minneapolis rental market

What Nomad homes rent for in Minneapolis

$2,450

Median rent, 3-bed

21 days

Median time to lease

Median rent achieved and median time from listing to signed lease, for homes leased through Nomad in the Minneapolis metro area over the last three years.

About Nomad

Nomad makes it easy to rent your Minneapolis long-term property and provides financial certainty with guaranteed rent and $500k in property protection. With flexible marketing services, you can choose how involved you want to be in marketing the property and finding tenants. Plus, all owners get access to the owner’s portal where you can track earnings, manage maintenance requests and more!

Renting in Minneapolis

About 52% of Minneapolis's occupied homes are rented, per the U.S. Census Bureau's 2020–2024 American Community Survey, and half the housing was built before 1952. Minneapolis licenses rentals starting with the first unit. The license renews every year, fees are charged per building and per unit, and the city inspects on a cycle that runs from every year to every eight years depending on the property's tier. Owners who live outside Minnesota must appoint an agent who lives in the Minneapolis area and accepts legal responsibility for the property and has to be reachable around the clock.

The Nomad Difference

Guaranteed Rent for Minneapolis landlords

Investment properties can be risky. Grow your wealth worry free with the best landlord financial protections in the industry. Only Nomad offers Guaranteed Rent, $500,000 of Property Protection, and Rent Advance.

"Nomad was incredibly helpful in talking us through the options and mapping out the financial implications for our potential scenarios."

Lauren

Nomad Homeowner since 2020

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Minnesota rules every landlord should know

Security deposit limit: No statutory limit
Deposit return deadline: 3 weeks after the lease ends, once the tenant gives a mailing address (5 days if the building is condemned)
Late fee limit: 8% of the overdue rent, if agreed in writing
Notice before entering: 24 hours, between 8 a.m. and 8 p.m., for a reasonable business purpose, except in an emergency
Notice to end a month-to-month lease: Written notice at least 1 full rental period long (1 month for monthly rent)

Reviewed October 2026. General information, not legal advice.

“Nomad made leasing my home such a positive experience. The team was attentive, communicative, and genuinely cared about making sure everything was handled properly. From start to finish, they exceeded my expectations. I’m very grateful for their help and would absolutely recommend Nomad.”

Shirin Y.

Nomad owner since 2026